The Boeing Company (NYSE:BA) Shares Sold by Greenline Partners LLC

Greenline Partners LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,912 shares of the aircraft producer’s stock after selling 2,096 shares during the quarter. Greenline Partners LLC’s holdings in Boeing were worth $1,851,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BA. Chicago Partners Investment Group LLC increased its position in Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after buying an additional 56 shares during the period. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares during the last quarter. Angeles Wealth Management LLC increased its position in Boeing by 4.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after acquiring an additional 60 shares during the period. Bridge Creek Capital Management LLC raised its stake in Boeing by 3.1% during the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock valued at $383,000 after purchasing an additional 60 shares during the last quarter. Finally, Wealth Alliance Advisory Group LLC boosted its holdings in Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.8 %

NYSE BA opened at $153.29 on Friday. The Boeing Company has a 1-year low of $152.60 and a 1-year high of $267.54. The company has a 50 day moving average of $171.21 and a 200-day moving average of $177.57. The firm has a market cap of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the company earned ($0.82) earnings per share. On average, analysts forecast that The Boeing Company will post -4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Baird R W upgraded Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Sanford C. Bernstein cut their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.